Hong Kong stocks enter bull market: banks, insurers gain after Fed rate decision as China’s policy support adds to cheer
Hong Kong stocks rose on Thursday driven by gains in the banking sector and in insurance companies after the US Federal Reserve signalled […]
Private credit market is a ‘big story’ in Asia though institutional investors have become selective, say industry experts
Hong Kong-based credit investment firm SC Lowy is raising a private debt fund with a target size of up to US$800 million, […]
US financial regulators restart work on long-delayed compensation rules
WASHINGTON, May 6 (Reuters) – A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive […]
Exclusive: China’s CICC may cut investment banking headcount by at least 10% this year, sources say
SHANGHAI, May 7 (Reuters) – China International Capital Corp (CICC) (3908.HK), opens new tab may reduce its investment banking headcount by at least 10% […]
Australia’s RBA sees no need to hike rates but wary of price risks
SYDNEY, May 7 (Reuters) – Australia’s central bank chief said on Tuesday interest rates were at the right level after holding steady […]
How Finnish strikes over labour reforms are affecting companies
May 7 (Reuters) – The SAK trade union association said in early April that Finnish labour unions would suspend a four-week strike which began […]
Mubadala Capital to Invest $13.5B in Brazilian Biofuels
Abu Dhabi’s Mubadala Capital is gearing up for a substantial investment venture in Brazil, planning to allocate around $13.5B over the next […]
Morgan Stanley, Frasers settle UK lawsuit over $1 bln margin call
LONDON, May 3 (Reuters) – British retail tycoon Mike Ashley’s Frasers Group (FRAS.L), opens new tab has withdrawn its London lawsuit against Morgan Stanley (MS.N), […]
Westpac announces new buyback, special dividend as profit slumps
May 6 (Reuters) – Australian bank Westpac (WBC.AX), opens new tab raised its share repurchase programme by A$1 billion ($661 million) and declared a […]
Louisiana Secures $52.7 Million for Pipeline Construction and Natural Gas Infrastructure
(P&GJ) — U.S. Senator Bill Cassidy, M.D. (R-LA), announced that Louisiana has been awarded more than $52.7 million in grants from the […]
Russia’s Gazprom Sees Worst Loss in Decades as European Gas Sales Collapse
— Kremlin-owned gas giant Gazprom said on Thursday it plunged to a net loss of 629 billion rubles ($6.9 billion) in 2023, […]
ECB’s Stournaras sees just three rate cuts in 2024 on strong growth
FRANKFURT, May 3 (Reuters) – The European Central Bank is “most likely” to cut interest rates just three times this year as […]